Wednesday, 25 January 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 25 JANUARY 2017

Nickel trading range for the day is 656.3-675.7. Nickel gained as some buyers hunted bargains amid hopes for an infrastructure boost in the U.S. Recent Indonesian and Filipino nickel supply news reinforce our view that nickel will be the base metals underperformer in 2017. Meanwhile, the Lunar New Year holiday, starting Jan. 27, is expected to subdue metals demand this month as Chinese factories close, sometimes for two to three weeks.